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8 On January 1, Payson Inc. had a retained earnings balance of $52.000. During the year. Payson reported net income of $33,200 and paid cash

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8 On January 1, Payson Inc. had a retained earnings balance of $52.000. During the year. Payson reported net income of $33,200 and paid cash dividends of $20,200. Calculate the retained earnings balance at its December 31 year-end Encing retained eaming eBook References

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